Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.77 and traded as low as $26.56. ProShares Ultra Bloomberg Natural Gas shares last traded at $27.22, with a volume of 2,868,162 shares.
ProShares Ultra Bloomberg Natural Gas Price Performance
The company’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $40.43.
Institutional Trading of ProShares Ultra Bloomberg Natural Gas
Several large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC grew its position in ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 500 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 701 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $30,000. Marex Group plc boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 19.1% during the 4th quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock worth $273,000 after buying an additional 1,908 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth $46,000.
About ProShares Ultra Bloomberg Natural Gas
The ProShares Ultra Bloomberg Natural Gas (BOIL) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides 2x the daily return of an index that measures the price performance of natural gas as reflected through publicly traded natural gas futures contracts. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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